While its satellite dish business has slowed, demand for Ellies’ inverter and solar power products has grown
Electronics group Ellies swung to a headline loss over the past year, partly because the number of satellite dishes it installed fell and more people started streaming television as fibre connectivity increased.
This resulted in headline earnings per share falling 177.6% in 2022 from 9.19c to a headline loss per share of 7.13c, amounting to a total loss of R52.3m for the year ended April...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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